ASSIGNMENT OF PROMISSORY NOTE AND CONSENT THERETOAssignment of Promissory Note • April 24th, 2009 • M Line Holdings Inc • Metalworkg machinery & equipment
This Assignment of Promissory Note and Consent Thereto (this “Assignment”) is entered into effective as of March 24, 2009, by and among Gateway International Holdings, Inc., a Nevada corporation (“Assignor”) and Money Line Capital, Inc., a California corporation (the “Assignee”), and consented to by Joseph Gledhill and/or Joyce Gledhill, individuals, (“Noteholders”), in connection with the proposed assignment (the “Assignment”) by Assignor to Assignees of that certain Gateway International Holdings, Inc.. Promissory Note dated December 8, 2008 in the original principal amount of $650,000, a copy of which is attached hereto as Exhibit A (the “Note”).
